• Skip to main content

    Mexico

    March 2, 2023

    Majority of AHMSA Shares Sold to Foreign Investors, Reports Say

    A majority of shares in Mexican steelmaker Altos Hornos de México (AHMSA) has been sold to a group of foreign investors, according to reports in the Mexican press.

    Shareholders of Grupo Acerero del Norte signed an agreement to transfer the majority of AHMSA shares to the group of foreign investors, an article in Milenio said on March 1. The deal aims to recapitalize AHMSA and provide for the future development of the company.

    Latest in Mexico

    Mexico targets Japanese plate in new dumping case

    Mexico has formally opened an anti-dumping investigation into imports of cut-to-length steel plate from Japan. Mexico’s Ministry of Economy launched the trade case after a complaint by Grupo Acerero (GASA). GASA, a San Luis Potosi-based steel producer, alleges price discrimination and injury to the Mexican industry, according to the announcement in Mexico’s Official Gazette of the Federation. The case targets hot-rolled, uncoated, non-coil carbon steel plate in sheet form, at least 4.75 mm thick and 600 mm wide.